Notes to the accounts
for the year ended 31 December 2007
12. Property, plant and equipment
| 2007 | 2006 | |||||
|---|---|---|---|---|---|---|
| Office equipment, computers and cars £mn |
Long leasehold premises and leasehold improvements1 £mn |
Total £mn |
Office equipment, computers and cars £mn |
Long leasehold premises and leasehold improvements 1 £mn |
Total £mn |
|
| Cost | ||||||
| At 1 January | 17.5 | 31.7 | 49.2 | 17.9 | 28.3 | 46.2 |
| Exchange translation adjustments | 0.9 | 0.5 | 1.4 | (0.6) | (0.6) | (1.2) |
| Additions | 4.0 | 14.3 | 18.3 | 2.3 | 5.1 | 7.4 |
| Disposals | (1.1) | (1.9) | (3.0) | (2.1) | (1.1) | (3.2) |
| At 31 December | 21.3 | 44.6 | 65.9 | 17.5 | 31.7 | 49.2 |
| Depreciation | ||||||
| At 1 January | (13.6) | (22.9) | (36.5) | (14.2) | (22.6) | (36.8) |
| Exchange translation adjustments | (0.7) | (0.5) | (1.2) | 0.5 | 0.4 | 0.9 |
| Depreciation charge for the year | (2.2) | (3.4) | (5.6) | (2.0) | (1.4) | (3.4) |
| Disposals | 1.1 | 1.9 | 3.0 | 2.1 | 0.7 | 2.8 |
| At 31 December | (15.4) | (24.9) | (40.3) | (13.6) | (22.9) | (36.5) |
| Net book value at 31 December | 5.9 | 19.7 | 25.6 | 3.9 | 8.8 | 12.7 |
Property, plant and equipment are depreciated over their useful lives. The net loss on disposal of property, plant and equipment for the year was £nil (2006: £nil).
At 31 December 2007 and 2006, none of the above assets were held under finance leases. The Group has future commitments to purchase property, plant and equipment with a value of £0.1 million (31 December 2006: £9.7 million).